Need an appraisal for an FHA-backed mortgage? Call Mitchell Real Estate AppraisalThe FHA publishes a list of approved appraisers for each state - Mitchell Real Estate Appraisal is on the roster of approved appraisers for OK. Mitchell Real Estate Appraisal is certified and approved to do reports for FHA secured financial transactions. A portion of the ongoing training our staff at Mitchell Real Estate Appraisal receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting capital to put down on a financial transaction are helped the most from FHA loan programs. |